Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

About Ratnaveer Precision Engineering Ltd. IPO

Gujarat-based Ratnaveer Precision Engineering Ltd. is an engineering company engaged in manufacturing stainless steel products like finished sheets, washers, solar roofing hooks, pipes and tubes. It is one of the few companies that work in the backward integration model. The company has 4 manufacturing units and units I, II, and IV are engaged in backward integration, whereas unit III is used for melting steel scraps in making steel ingots.

The company manufactures products to be used in automotive, solar energy, wind power, oil & gas, pharmaceuticals, instrumentations, etc. Its product portfolio includes 2500 SKUs of washers.

Ratnaveer Precision Engineering Ltd. IPO Objective

The company proposes to utilise the net proceeds from the offer towards the following objects.

  • To meet the working capital requirements.
  • General corporate purposes.

Should you invest in Ratnaveer Precision Engineering Ltd.?

Here are the top reasons to consider before investing in Ratnaveer Precision Engineering Ltd. IPO.

  • The company offers a diversified product portfolio, including 2500 SKUs in stainless steel washers.
  • Ratnaveer Precision exports globally to the UK, Germany, Spain, Netherlands etc. and caters to a well-diversified customer base to reduce dependency on any single customer.
  • Demand for stainless steel is higher than traditional steel for enhanced corrosion resistance properties. The company produces value-added stainless steel products.
  • The company has recorded steady growth in its revenue and profits.

Competitive Peers

There is no comparable listed company that engages in the same line of business as Ratnaveer Precision Engineering Ltd.

Ratnaveer Precision Engineering Ltd. Noteworthy highlights

  • Between 2011 and 2022, the company’s revenue growth was 14.73% CAGR.
  • The growth in profit after tax was 16.40%, from Rs. 15.42 million in Fiscal 2011 to Rs. 95.35 million in Fiscal 2022.

IPO Financials

Particulars Year ending on March 31, 2022 Year ending on March 31, 2021 Year ending on March 31, 2020
Revenue from Operations 4,269.38 3,596.64 2,969.20
Profit After Tax (PAT) 95.37 54.59 71.95
PAT Margin 2.23% 1.52% 2.42%
EBITDA 291.00 243.00 266.00
EBITDA Margin 6.76% 6.81% 9.82%
EPS (Basic) 23.43 13.41 17.68
ROE 15.56% 10.15% 15.02%

Know before investing



The company operates on a synergetic, backwards-integrated business model

Ratnaveer Precision has R&D unit to help it develop tools and molds for its products.

From manufacturing a single product it has expanded to become a multi-product company.



The company doesn’t enter into long-term agreements with its suppliers, which might result in disruption in raw material supply.

The steel industry is subject to market volatility.

The promoters are involved in some legal proceedings, which might impact the company's performance in the future.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

What is Ratnaveer Precision Engineering Ltd. IPO?

The Ratnaveer Precision Engineering Ltd. IPO is a combination of fresh issue and offer-for-sale equities.

When will the Ratnaveer Precision Engineering Ltd. IPO allotment be available?

Will be updated soon.

What will be the Ratnaveer Precision Engineering Ltd. IPO lot size?

Will be updated soon.

When will Ratnaveer Precision Engineering Ltd. IPO open for subscription?

Will be updated soon.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Ratnaveer Precision Engineering Ltd. list on exchanges?

Will be updated soon.

How to check the allotment status of the Ratnaveer Precision Engineering Ltd. IPO?

You can check the IPO share allotment status from Angel One’s mobile app. Log in to the app and validate with OTP.  

To check the allotment status, enter your application number, DP ID, and PAN number into the app.

What would be the listing gains on the Ratnaveer Precision Engineering Ltd. IPO?

Listing gains cannot be measured before the listing of the IPO on the stock exchange.

I have finished the Ratnaveer Precision Engineering Ltd. IPO application process, but the funds are not yet debited. What is the reason?

Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.

How to approve the UPI mandate request for Ratnaveer Precision Engineering Ltd. IPO?

Login to your UPI handle to approve the payment mandate and complete the IPO application process.

Can I submit more than one application for the public issue of Ratnaveer Precision Engineering Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Ratnaveer Precision Engineering Ltd. IPO?

Will be updated soon.